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Nexen’s Long Lake oil sands processing facility near Fort McMurray, Alta.
Nexen’s Long Lake oil sands processing facility near Fort McMurray, Alta.
(Dave Olecko/Nexen)

Nexen strong enough without CNOOC: DBRS

The proposed takeover of Nexen Inc. by China’s CNOOC Ltd. has folks across the country – including politicians in the federal Conservative caucus – questioning whether the deal is good for Canada. DBRS, the credit-rating firm, has weighed in, giving the deal a mixed review.

DBRS believes the $15.1-billion takeover could bring only “limited” economic benefits.